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MUSCATINE, Iowa – Office and contract furniture giant HNI Corp. has acquired Kimball, another big player in the office furniture space. The cash and stock transaction is valued at $485 million. Under the terms of the agreement, Kimball shareholders will receive $9 in cash and 0.1301 shares of HNI common stock for each share of Kimball International common […]
The most recent 13F filing that Cubist Systematic Strategies LLC submitted with the Securities and Exchange Commission (SEC) revealed that during the third quarter, the company’s investment in La-Z-Boy Incorporated (NYSE: LZB) was reduced by 63.1%. The business was left in possession of 134,496 shares of the company’s stock after selling 229,847 shares during the […]
The most recent disclosure that AlphaCrest Capital Management LLC made to the Securities and Exchange Commission indicated that the company’s holdings in La-Z-Boy Incorporated (NYSE: LZB) were reduced by 46.1% during the third quarter of 2018. This information was provided in response to a request from the SEC. As a result of the fund selling […]
Axa S.A. reportedly increased its ownership in Steelcase INC (NYSE: SCS) during the third quarter, as stated in the most recent report that the company has submitted to the Securities and Exchange Commission (SEC). The institutional investor made a purchase of 45,400 shares of stock in the business services provider, and they were paid a […]
MONROE, Mich. — La-Z-Boy Inc. named Mark S. LaVigne to its board of directors, expanding the board to 10 members. He will serve on the board’s audit committee. LaVigne is the president and CEO of Energizer Holdings. Also an attorney, he has expertise in corporate law, including mergers, acquisitions and securities. Energizer’s brand portfolio includes Energizer, Ray-O-Vac and Eveready batteries […]
HOLLAND, Mich. – Office furniture giant Haworth reported $2.5 billion in 2022 sales, a substantial 27.5% increase over 2021. According to the company, it was the “best global sales performance” in its history. “Achieving this level of sales is an important milestone for Haworth with credit due to the entire organization and our dealer partners,” said Franco […]
ST. PETERSBURG, Fla., Feb. 23, 2023 /PRNewswire/ — Today 3D Cloud™ by Marxent, the 3D experience platform for furniture and home improvement, announced the appointment of Lorna Jean Marcuzzo of MillerKnoll and Gail Applin, formerly of La-Z-Boy, to the 3D Cloud by Marxent Advisory Board. The Advisory Board is comprised of industry veterans from across home improvement, contract furniture, home […]
MUSCATINE, Iowa – Office furniture manufacturer HNI Corp. reported fourth quarter sales of $568.9 million, a 6% decline from last year. But despite the decline, the company reported a 47% increase in earnings per share, primarily due to a major cost-cutting initiative and margin expansion strategy that began last quarter.
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Fintel reports that Earnest Partners has filed a 13G/A form with the SEC disclosing ownership of 7.18MM shares of Steelcase Inc. (SCS). This represents 7.8% of the company.
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